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Oct 24, 2012
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and then somehow you're also going to deal with the deficit that we've already got. the math simply doesn't work. >> hmmm. all right. let's take a look at one more aspect of the president's plan as laid out in today's glossy. the president would commit half of the money saved from responsibly ending wars in iraq and afghanistan to reduce the deficit, and the other half to putting americans back to work, rebuilding roads, bridges, runways and schools here in the united states. all right. the problem is, here's what the president said just a couple weeks ago. >> one of the main reasons we went from record surpluses into record deficits is because we put two wars and two -- and two tax cuts on a credit card. >> all right. that's right. the money spent in afghanistan and iraq was largely borrowed. the president's word, put on a credit card. and he even wrote that in his glossy. so how can the president save the money which was borrowed in the first place, and how can he save money that he never intended to spend since the administration has long said it would end those w
and then somehow you're also going to deal with the deficit that we've already got. the math simply doesn't work. >> hmmm. all right. let's take a look at one more aspect of the president's plan as laid out in today's glossy. the president would commit half of the money saved from responsibly ending wars in iraq and afghanistan to reduce the deficit, and the other half to putting americans back to work, rebuilding roads, bridges, runways and schools here in the united states. all right....
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Dec 9, 2012
12/12
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we need to save more in this country and w count country and we need to get a handle on this deficit problem. but ronald reagan didn't get us into any wars, we had a police action in grenada, in eight years, that was it, yeah, you got to be strong, you got to maintain a strong national defense, fight against budget cuts and so forth. but unless there's a very large national interest involved, it can -- it's sometimes very counter productive to engage in some of these activities overseas, where right now, for instance, there's a lot of pressure on president obama to intervene militarily in syria, that would be the worst thing in the world we could do in my opinion. we should support the syrian opposition, politically, diplomatically, economically, but not militarily, because t t that's a slippery slope once you get into it. >> not even a no fly zone? >> i don't know, if you start a no fly zone, you got to get into the anti-aircraft batteries. but the government is going to fall. so i think the policy that the administration's following on syria is absolutely the right policy to follow
we need to save more in this country and w count country and we need to get a handle on this deficit problem. but ronald reagan didn't get us into any wars, we had a police action in grenada, in eight years, that was it, yeah, you got to be strong, you got to maintain a strong national defense, fight against budget cuts and so forth. but unless there's a very large national interest involved, it can -- it's sometimes very counter productive to engage in some of these activities overseas, where...
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Jun 22, 2012
06/12
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we have a trillion dollar annual deficit. i have a plan that would fix social security for 75 years and a plan that reforms medicare. i just can't get anybody on the other side to talk to me about it. >> we talked recently. you said, look, i'm willing to close loopholes that make the wealthy pay more. are you willing to keep loopholes that help the poor? child credit, earned income tax credit, social security, some of the things that help the poorest of the country, would you keep those in place? >> yeah, if it meant getting to a final overall revenue neutral tax deal. we had to keep earned income tax credit? yeah, there are a lot of things we could do. overall, less deductions, more simplicity, lower rates to encourage economic growth. the reason we don't have as much revenue as we used to as a percentage of gdp, is because the economy's slow. if the economy were growing again, much of our deficit problem would become much smaller. we have a spending problem up here. we're spending nearly 25% of gdp it it's 24-some-odd perce
we have a trillion dollar annual deficit. i have a plan that would fix social security for 75 years and a plan that reforms medicare. i just can't get anybody on the other side to talk to me about it. >> we talked recently. you said, look, i'm willing to close loopholes that make the wealthy pay more. are you willing to keep loopholes that help the poor? child credit, earned income tax credit, social security, some of the things that help the poorest of the country, would you keep those...
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Jul 29, 2012
07/12
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give them a responsibility to cut the deficit by over a trillion dollars in ten years. and if they fail, then automatic spending cuts. we voted for it to avoid an economic shutdown. now we face it. but here's the good news. with the president's leadership, we can come together. there is a bipartisan answer here. that will reduce the deficit and still create an environment for economic growth. >> we thanks senator durbin for joining us. >>> and when we come back, one of mitt romney's potential running mates, republican senator kelly ayotte. [ male announcer ] research suggests the health of our cells plays a key role throughout our entire lives. ♪ one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. ♪ it has more of seven antioxidants to support cell health. that's one a day men's 50+ healthy advantage. >>> joining me is romney supporter and new hampshire republican senator kelly ayotte. thank you so much for being here this morning. >> thanks, candy. appreciate it. >> i want to review our bidding for viewers that maybe have b
give them a responsibility to cut the deficit by over a trillion dollars in ten years. and if they fail, then automatic spending cuts. we voted for it to avoid an economic shutdown. now we face it. but here's the good news. with the president's leadership, we can come together. there is a bipartisan answer here. that will reduce the deficit and still create an environment for economic growth. >> we thanks senator durbin for joining us. >>> and when we come back, one of mitt...
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Jun 29, 2012
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the deficit. a lot of immigration. all come before health care. i mean, should he be wasting his political capital now trying to get votes? and if he were to win on this? >> well, remember, romney's been very smart, in that he has been focusing on jobs and the economy. that's why people trust him to fix the economy over the president. and one thing is important to note. while this is -- economy's the number one issue, you have to keep in mind in terms of the numbers, obama care will cost $2.6 trillion over the next ten years. that's quite a bit of money. and in terms of whether or not the republicans will take over the senate, we'll certainly hold the house. and we have all expectations and are optimistic we'll take control of the senate. we don't necessarily need a republican majts. we're already seeing democrats distance themselves from the president. look at mccaskill. they're also distancing themselves from the president. so they're going to break ranks with the democrats if this is, you know, we get back to november because they're not going
the deficit. a lot of immigration. all come before health care. i mean, should he be wasting his political capital now trying to get votes? and if he were to win on this? >> well, remember, romney's been very smart, in that he has been focusing on jobs and the economy. that's why people trust him to fix the economy over the president. and one thing is important to note. while this is -- economy's the number one issue, you have to keep in mind in terms of the numbers, obama care will cost...
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Sep 26, 2012
09/12
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who's better equipped to deal with the deficit and debt. the more they play to the religious right on social issues, the more they risk alienating these centrist voters. >> did you disagree? >> absolutely. the latest polls show that people trust obama more now with the economy. this economy issue solely is a losing issue for romney as the economy improves, but also it fails to reck thiz people care about other things other than just the economy. >> pastor jeffers, if i may, i was making the distinction about not just the economy, but deficit and debt. so, i appreciate your desire to have your nominee really focus on playing to the base in the religious right. that is your prerogative, but you can't rewrite polls to say that's a winning strategy when it comes to reaching out. >> what i'm saying to you is that i think the hunt for these elusive independent or undecided voters out there is going to be a losing strategy. it was in 2008 for john mccain. i think it will be this time. i'm not saying he has to make these social issues the heart of
who's better equipped to deal with the deficit and debt. the more they play to the religious right on social issues, the more they risk alienating these centrist voters. >> did you disagree? >> absolutely. the latest polls show that people trust obama more now with the economy. this economy issue solely is a losing issue for romney as the economy improves, but also it fails to reck thiz people care about other things other than just the economy. >> pastor jeffers, if i may, i...
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Nov 18, 2012
11/12
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we've had four straight years of trillion dollar plus deficits. you can't continue this and have economic vitality, which is what we actually need. pro-growth policies to get this economy rolling, get jobs created again. >> senator, again, you're hopeful because you think people have listened to what the american people said and, yet, i'm not sure i'm hearing it here. are you hearing it elsewhere in the halls of congress that, in fact, republicans will look at specifically the tax -- raising taxes on those making $250,000 or more? >> candy, have you to be careful. if you talk about taxes they run for the hills. they'll sit still tore for revenue reform. i would say to my friend, the congressman, he said that the sparing the middle income families doesn't solve the problem. well, it solves the problem for middle income families in america. what it does say is when it comes to tax increases, let's go to those that can afford to pay. they should pay a little more. they've been blessed with success. they live in the greatest nation on earth. paying a
we've had four straight years of trillion dollar plus deficits. you can't continue this and have economic vitality, which is what we actually need. pro-growth policies to get this economy rolling, get jobs created again. >> senator, again, you're hopeful because you think people have listened to what the american people said and, yet, i'm not sure i'm hearing it here. are you hearing it elsewhere in the halls of congress that, in fact, republicans will look at specifically the tax --...
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May 25, 2012
05/12
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the spending and the deficit argument is far, far far down in second place. when you look at these numbers, what they found, independent organization, media organization, what they found is that the president's spending went up about 1.4% every year under president obama what had gone up over 10% under president bush. and that means it was basically flat. you do have the problem of the deficit going up because tax revenues went down because of the recession. so it's not -- you've got to really play with these numbers to see. what we do see, though, there hasn't been the explosion in spending that romney has been saying. >> no, and i don't want to get into the details of the numbers, but they also found federal spending under obama as a percent of gdp is higher than most of the past 60 years and the obama health care plan isn't even included in any of these numbers. so i understand numbers can be made to look a lot of different ways. but i think one thing to take away from this is the president's story on this is much better than a lot of the american people g
the spending and the deficit argument is far, far far down in second place. when you look at these numbers, what they found, independent organization, media organization, what they found is that the president's spending went up about 1.4% every year under president obama what had gone up over 10% under president bush. and that means it was basically flat. you do have the problem of the deficit going up because tax revenues went down because of the recession. so it's not -- you've got to really...
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May 19, 2012
05/12
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the other thing to say, right now trying to bring that budget deficit down doesn't even work. doesn't work in purely fiscal terms. it shrinks the economy, damages our long-run growth, because when workers have been unemployed for a long period of time, they eventually drop out of the labor force and don't come back. students never get their careers started out of college and those are our future taxpayers you're undermining. so this is not the time. >> i'm interested in, on the bush tax cuts and the wars, certainly they are the two biggest components of the deficit, but they're done. right? it's in the rearview mirror. ken rogoff, you know him well, has written extensively of countries getting out of debt crises, said once your debt is 90% of the economy, growth is choked off. we're at 101% and growing every day. >> i disagree very strongly with his conclusion. i think he's got the causation backwards. if you look at it, most of the cases that he points to, which are high debt and low growth, it's actually the low growth that led to the high debt. japan is deeply in debt and i
the other thing to say, right now trying to bring that budget deficit down doesn't even work. doesn't work in purely fiscal terms. it shrinks the economy, damages our long-run growth, because when workers have been unemployed for a long period of time, they eventually drop out of the labor force and don't come back. students never get their careers started out of college and those are our future taxpayers you're undermining. so this is not the time. >> i'm interested in, on the bush tax...
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Mar 20, 2012
03/12
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the debts, deficit, spending, and national security. the social issues, there's good people on both sides of those. >> interesting for karen santorum saying if rick would be president, he would respect a woman's right to have contraception if she wants to. i don't think i've heard a santorum articulate in such a straightforward matter. >> i'm with mitt romney. he's one of the most hard working, honest men i've met. i don't know the other candidates at all. i've never met rick. but i know how i feel about those issues. and i've been in favor of contraception rights for women. really i think it's important to make sure we have religious protections as well as providing rights and freedoms for women. we can do it in the federal health care bill. we didn't get into this mess until the president through the overreach of the federal government said by the way all the religious institutions and schools and churches, by the way, it doesn't matter. you're going to have to do it anyway. in violation of their religious faith. i felt it was importa
the debts, deficit, spending, and national security. the social issues, there's good people on both sides of those. >> interesting for karen santorum saying if rick would be president, he would respect a woman's right to have contraception if she wants to. i don't think i've heard a santorum articulate in such a straightforward matter. >> i'm with mitt romney. he's one of the most hard working, honest men i've met. i don't know the other candidates at all. i've never met rick. but i...
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Jan 13, 2012
01/12
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the economy and the budget deficit. those matter most to republicans. what you would think might be governor romney's greatest vulnerability, herring. he has romney care, the individual mandate in massachusetts. if you look at the polling, who can best handle the economy? governor romney wins that one quite handily. if you look at the polling, who can best handle the budget deficit, romney followed by ron paul followed by newt gingrich. here's the one that surprised me. who can best handle health care? a poll of republicans, remember. 30% say romney, 20% say gingrich. so it's been a while since they've been sharply critical of romney on health care. at the beginning of the season, that's what it is all about. >> if you would have asked me a year ago whether mitt romney would be attacked on capitalism or health care, i would have said to you, are you crazy? of course he'll be attacked -- >> a capitalist. >> he'll be attacked on health care. now if you look at the poll, mitt romney has supported mandates. newt gingrich is second in that survey and he at o
the economy and the budget deficit. those matter most to republicans. what you would think might be governor romney's greatest vulnerability, herring. he has romney care, the individual mandate in massachusetts. if you look at the polling, who can best handle the economy? governor romney wins that one quite handily. if you look at the polling, who can best handle the budget deficit, romney followed by ron paul followed by newt gingrich. here's the one that surprised me. who can best handle...
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Mar 13, 2012
03/12
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there's a trust deficit becaused by our relationship in pakistan. we have a much broader problem as we try to develop the afghan government and security forces to enable us to transition out. i agree that justice has to be done, but this is hardly the only problem. if anything, this reveals some of the limitations of our current strategy, but it's by no means the only thing we have to worry about. >> seth, one thing that was interesting, you said the reaction from the korans was worse than the reaction of killing the 16 civilians. what did you mean? >> the afghan villagers have faced 30 years of warfare. they've seen children, brothers and sisters and fathers and mothers killed over the past three decades in a sense, while i don't want to understate how significant this is, in this has become a reality for afghans. the burning of the koran gets to a religious issue that i think has a potential to be much more national in focus than a very local incident. so i see this has being different in that sense. >> and phil, obviously you served in the obama
there's a trust deficit becaused by our relationship in pakistan. we have a much broader problem as we try to develop the afghan government and security forces to enable us to transition out. i agree that justice has to be done, but this is hardly the only problem. if anything, this reveals some of the limitations of our current strategy, but it's by no means the only thing we have to worry about. >> seth, one thing that was interesting, you said the reaction from the korans was worse...
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Jan 26, 2012
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it's to deal with our deficit and debt. the question is how you get there. it's going to take pain. politicians are so pain averse. they're willing to demagogue the debt, but then run waway in the other direction. especially on social security. >> the president did intimidate to john boehner last summer, he was will on entitlement cut. >> you need plans on the table. the question is whether we're going to find the the political will. right now is a great opportunity for tax reform. from the romney tax returns, let's get a fair, flatter tax system in place. >> adam, you look at the math and say, okay, look, 5 trillion a year in the middle class, 700 billion for the millionaires, but all this kind of masks the overall point, if you went to a flatter system, you could get rid of loopholes and end up with a wealthier paying more. >> yes, at least the intellectuals of both parties are much closer. all within five points, 20%, that we should eliminate corporate loopholes, make the tax 20%. have a simpler two or three level system. make the rich pay more, but at a lower rate. >> so why doe
it's to deal with our deficit and debt. the question is how you get there. it's going to take pain. politicians are so pain averse. they're willing to demagogue the debt, but then run waway in the other direction. especially on social security. >> the president did intimidate to john boehner last summer, he was will on entitlement cut. >> you need plans on the table. the question is whether we're going to find the the political will. right now is a great opportunity for tax reform....
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Mar 8, 2012
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boasts a $200 billion trade surplus and the united states has a record nearly $300 billion deficit with china. this year, china's expected anemic economic growth. ours is 2.5 and of course, china's the single biggest foreign owner of america's debt and while our military is much bigger, china has more ground troops. they have the larnlest ground force on the planet and they are increasing spening as we cut back. one man says it all sad ads up to one question. are we becoming china's bitch. that's the name of a new book and i read it, it was good, so is it a forgone conclusion? >> we really have to focus on our problems, otherwise, we have a counterparty in china who is incredibly focused. their goal is to be g1. >> your background, you spent a lot of time in asia. you know this situation. what should the united states do? it's always seemed to me that you can't stop someone from wanting to be number one. >> i think the right thing to do is embrace it. last year, it was a great thing the general orders turn around from near death, they sold 9 million vehicles. that was a great day for th
boasts a $200 billion trade surplus and the united states has a record nearly $300 billion deficit with china. this year, china's expected anemic economic growth. ours is 2.5 and of course, china's the single biggest foreign owner of america's debt and while our military is much bigger, china has more ground troops. they have the larnlest ground force on the planet and they are increasing spening as we cut back. one man says it all sad ads up to one question. are we becoming china's bitch....
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Oct 19, 2012
10/12
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he had had an 18-point deficit the prior month. this morning ann romney tried to shore up support for women during an appearance on "the view," and she also talked about abortion. >> i am pro-life. i'm happy to say that. mitt has always been a pro-life person. he governed when he ran as a pro-choice. >> that may not have helped her husband, because frankly, it's a little confusing. as has been mitt romney's position on abortion during the year. here it is in 1994 running again ted kennedy for the u.s. senate seat in massachusetts. >> i believe that abortion should be safe and legal in this country. i have since the time that my mom took that position when she ran in 1970 as a u.s. senate candidate. >> now fast forward to last year. here's mitt romney trying to capture the gop presidential nomination. >> what i'd like to see happen would be for the supreme court to say, look, we're going to overturn row v. wade and return to the states the authority to design whether they want abortion on or not state by state. that's how it was bef
he had had an 18-point deficit the prior month. this morning ann romney tried to shore up support for women during an appearance on "the view," and she also talked about abortion. >> i am pro-life. i'm happy to say that. mitt has always been a pro-life person. he governed when he ran as a pro-choice. >> that may not have helped her husband, because frankly, it's a little confusing. as has been mitt romney's position on abortion during the year. here it is in 1994 running...
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Jan 19, 2012
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we've got an economy in tough shape, got to deal with the deficit and debt. whoever it is needs some allies on capitol hill. i intend to be one of those. >> i suspect we may have that debate down the road. up next adding injury to insult for tim tebow. not only did his denver broncos lose last weekend to my new england patriots, it turns out mr. tebow seriously hurt but kept playing. plus president obama takes his new push for tourism to florida's walt disney world. a backdrop. mitt romney just couldn't resist today. >> it's obviously appropriate because he's been living in a sort of fantasy land these last few years. built for the purpose of driving innovation. one that's transforming how companies from every industry-- and of every size-- are doing business. a platform built for now. and for what's next. this...is the cisco intelligent network. cisco. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reduci
we've got an economy in tough shape, got to deal with the deficit and debt. whoever it is needs some allies on capitol hill. i intend to be one of those. >> i suspect we may have that debate down the road. up next adding injury to insult for tim tebow. not only did his denver broncos lose last weekend to my new england patriots, it turns out mr. tebow seriously hurt but kept playing. plus president obama takes his new push for tourism to florida's walt disney world. a backdrop. mitt...
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Mar 12, 2012
03/12
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there was a trust deficit caused by the burning of the korans. by the shooting of the two officers at ministry of the interior. there's a trust deficit caused by our relationship with pakistan and we have a much broader problem to enable us to transition out and this is just the latest incident. it's a terrible incident. it's a grievous incident. i adpree that military justice has to be done here, but this is hardly their only problem. if anything, this reveals some of the limitations of our current strategy, but by no means the only thing we have to worley about. >> earlier in the day, you were saying the reaction from the korans was worse than the killing of the 16 civilians. >> i think the unfortunate reality in afghanistan, most afghan villagers have faced about 30 years of warfare, so they've seen children, brothers and sisters and fathers and mothers killed over the past three decades. in a sense, while i don't want to understate how significant this is, this is become a reality for afghans. the burning of the koran gets to a religious issu
there was a trust deficit caused by the burning of the korans. by the shooting of the two officers at ministry of the interior. there's a trust deficit caused by our relationship with pakistan and we have a much broader problem to enable us to transition out and this is just the latest incident. it's a terrible incident. it's a grievous incident. i adpree that military justice has to be done here, but this is hardly their only problem. if anything, this reveals some of the limitations of our...
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Dec 8, 2012
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we go into 2013 with still a trillion dollar a deficit. the question i ask you two and president obama is what's act two? what do we do next? >> he lumped us all in together. david, you do agree with stephen an one thing. there is work to be done on curtailing inefficient spending? >> there always will be. that's shooting fish in a barrel. the best funded program we have is social security. we shouldn't talk about cutting it. health care. for every dollar the other three modern countries in the world spend per capita in comparable dollars, we spend $2.64. we still have 50 million people without insurance. if we could get france's health care system, widely regarded as the best in the world we could eliminate social security taxes or 80% of individual income taxes and have the same deficit. by the way, if you look at the federal budget numbers the federal budget deficit is coming way down. the economy is improving. higher taxes allow us to create jobs by investing in things that work it. if we replace foundations of granite with sand and th
we go into 2013 with still a trillion dollar a deficit. the question i ask you two and president obama is what's act two? what do we do next? >> he lumped us all in together. david, you do agree with stephen an one thing. there is work to be done on curtailing inefficient spending? >> there always will be. that's shooting fish in a barrel. the best funded program we have is social security. we shouldn't talk about cutting it. health care. for every dollar the other three modern...
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Mar 25, 2012
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>> we need to get our debt and deficit under control. >> other than that? >> no, that's the key. >> assuming you do that, what else do you do to maintain america's greatness in the world. >> create jobs and create an environment for jobs. i have a crowd funding bill. it is a mechanism where you can give people up to $1,000, a million dollar total to avoid sec filings and using that as seed money to move forward to create a new set of financing for startup businesses. that's where the jobs are. >> what about my constant nagging problem with a company like apple who sell 3 million new ipads in one day apparently last week with. and yet they still employ massively large sums of people in china than they do in america. why argument is why don't they bring 10% of the work force from china back to america. take the hit. i reckon they sell 4 million ipads next time. >> from the president from apple on. >> what do you think. >> i think you need to make america competitive again. >> shouldn't it be the successful company s -- >> there's a lack of stability. people a
>> we need to get our debt and deficit under control. >> other than that? >> no, that's the key. >> assuming you do that, what else do you do to maintain america's greatness in the world. >> create jobs and create an environment for jobs. i have a crowd funding bill. it is a mechanism where you can give people up to $1,000, a million dollar total to avoid sec filings and using that as seed money to move forward to create a new set of financing for startup...
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Sep 21, 2012
09/12
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in just one month, tammy baldwin turned a ne-point deficit into a nine-point lead. wow, that is an 18-point spread and according to thompson, romney could be to blame. >> the presidential thing is bound to have an impact on every election, you know, whether you're a democrat or republican. if you're a standard bearer for the presidency, is that doing well, it's going to reflect on the down ballot. >> so, is thompson right to be concerned? former new hampshire governor john snu is "outfront." is it strictly thompson's fault and he's trying to find someone to blame it on? >> my good friend sounds like barack obama trying to blame it on somebody else. campaigns go up, campaigns go down. i'm sure tommy will be fine in the long run. i think romney's doing just fine. he's dead even with him in the polls out there. and he's pounding the president for failing to deal with the unemployment problem, 20 million americans still unemployed. unemployment over 8% and now, the president's having to defend his silly redistribution position and i think america's understanding it's ti
in just one month, tammy baldwin turned a ne-point deficit into a nine-point lead. wow, that is an 18-point spread and according to thompson, romney could be to blame. >> the presidential thing is bound to have an impact on every election, you know, whether you're a democrat or republican. if you're a standard bearer for the presidency, is that doing well, it's going to reflect on the down ballot. >> so, is thompson right to be concerned? former new hampshire governor john snu is...
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Nov 7, 2012
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how do we reduce the deficit? by spending more. so you're not talking about the entitlement reform. you're talking about everything else. you haven't talked about obama care -- >> maybe it is some kind of combination. >> medicare, medicaid, defense. the whole conversation is how do you spend more to save less. >> president obama won the election, but what happens in the next four years? how will the president lead the divided congress? you can get a little taste of it right here. and they had such a contentious campaign. we'll chat with the panel about that straight ahead. >> yea! energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas.
how do we reduce the deficit? by spending more. so you're not talking about the entitlement reform. you're talking about everything else. you haven't talked about obama care -- >> maybe it is some kind of combination. >> medicare, medicaid, defense. the whole conversation is how do you spend more to save less. >> president obama won the election, but what happens in the next four years? how will the president lead the divided congress? you can get a little taste of it right...
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Dec 9, 2012
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if you look at the deficit, much higher in the u.s. than in the euro zone, for instance, debt, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the debt of the country, three topics that can be addressed now on a comprehensive and efficient fashion. >> so what should this mean? i think i could interpret any given number, to think oh, that means we should not touch taxes for any bracts, because it's as much money as we could have in it, or this means that we need more stimulus to keep the jobs going, or i could look at the debt and say this means we need to cut spending, so what does it mean? what would you, and what globally, what would mean the most for the u.s. to do? >> you know what you sa
if you look at the deficit, much higher in the u.s. than in the euro zone, for instance, debt, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the...
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Aug 17, 2012
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the lowest obama deficit is $1 trillion. there's no doubt if there wasn't a republican congress, obama would have spent even more. now, imagine if he gets a second term. adds $5 trillion more to the national debt. america would be $20 trillion in debt. $10 trillion of of that added by one man. so from george washington -- >> you're chomping at the bit here. get in. >> you sound like you have conspiracy to bring america down. and of all the things you could say about obama, that's just not true. i'm not an obama supporter, but what you're saying is insane and wrong. >> well, you're attacking a complete straw man. we actually know that obama has a hidden agenda. obama leans over to the russian president medvedev, taps him on the thigh, and says listen mr. medvedev, i want to give you certain things about missile defense, but i need flexibility. you got to wait till after the election. obama's admitting if i told the american people now what i wanted to do, they may not vote for me. so wait till after the election, then we can
the lowest obama deficit is $1 trillion. there's no doubt if there wasn't a republican congress, obama would have spent even more. now, imagine if he gets a second term. adds $5 trillion more to the national debt. america would be $20 trillion in debt. $10 trillion of of that added by one man. so from george washington -- >> you're chomping at the bit here. get in. >> you sound like you have conspiracy to bring america down. and of all the things you could say about obama, that's...
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Nov 14, 2012
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not somebody who is really ready to tackle deficit reduction. >> doesn't very leverage? who has leverage here? >> i didn't hear any of that olive branch to republicans, nothing. this was all let's raise taxes and pay for -- >> he kept saying, you know, i'm willing to compromise. if you got good ideas, let's talk. >> no, he didn't. he said he was willing to compromise on taxes and on revenue, but nothing on compromising on spending. he didn't put anything on the table. >> that's because, alex, i think republicans, the romnesia stuff needs to end because back in the day, the president signed the budget control act which capped spending, discretionary spending. so we already have seen over a trillion dollars, $1.7 trillion in spending cut that was put on the table for fiscal year 2013 to 2022. what the president has been campaigning on is a balanced approach so we have an adequate number of revenue increases and spending cuts that has already been -- he signed it into law, alex. he already put his name on the -- >> i'm glad you said that. he signed it into law. he's already
not somebody who is really ready to tackle deficit reduction. >> doesn't very leverage? who has leverage here? >> i didn't hear any of that olive branch to republicans, nothing. this was all let's raise taxes and pay for -- >> he kept saying, you know, i'm willing to compromise. if you got good ideas, let's talk. >> no, he didn't. he said he was willing to compromise on taxes and on revenue, but nothing on compromising on spending. he didn't put anything on the table....
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we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity, there was discussion, even as we battled over the budget, we worked together in a bipartisan way on many other issues. you didn't have the total polarization that you have today. >> i mean, when you were elected senate majority leader, i understand one of the first people that you called was the minority leader, senator dole. >> that's right. i called him right away, i went to see him almost immediately, and i said to him look, you've been here a long time, i'm relatively new, these are very tough jobs in the best of circumstances, and if we don't have some degree of trust between us, they will be impossible jobs. so i said to him i want to tell you how i intend to behave toward you and to ask that you behave towards me in the same way. and we agreed on the most basic of things. i told him i would not surprise him, that's important in the senate. that he wo
we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity, there was discussion, even as we battled over the budget, we worked together in a bipartisan way on many other issues. you didn't have the total polarization that you have today. >> i mean, when you were elected senate majority leader, i understand one of...
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his deficits have been three times larger or more. he's on track, by the end of his first term, his only term, by the way -- [ cheers ] he's -- >> mitt! mitt! mitt! >> he's on track -- he's on track to put almost as much public debt in place as all the prior presidents combined. this has been a failed presidency. and i'm absolutely convinced that if we want to get jobs again in this country, it's going to be helpful to have a person who's had a job in the private sector, to create jobs in the private sector. you know, he said three years ago, after being inaugurated, he was on the "today" show, and he said, look, if i can't get this economy turned around in three years, i'll be looking at a one-term proposition. and we are here to collect. let me tell you. i will go to work to get america back to work. by making america once again the most attractive place in the world for job creators and innovators and investors and the jobs will begin to flow like they have in the past. i'll keep our tax rates competitive, get regulators and regula
his deficits have been three times larger or more. he's on track, by the end of his first term, his only term, by the way -- [ cheers ] he's -- >> mitt! mitt! mitt! >> he's on track -- he's on track to put almost as much public debt in place as all the prior presidents combined. this has been a failed presidency. and i'm absolutely convinced that if we want to get jobs again in this country, it's going to be helpful to have a person who's had a job in the private sector, to create...
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all those same polls that show president obama leading and claims to correct the bias, turning romney deficits into commanding romney leads. the idea behind is it simple. all polls base the outcome on what pollsters believe the electorate will look like, how many democrats versus how many republicans they think will actually turn out. getting that partisan makeup wrong can tilt the predictions. the people that don't believe the polls say this time, pollsters think the 2012 electorate will look a lot like 2008 and this they say is wrong. notice i said this time. back in 2004, democrats complained that the polls which showed george w. bush leading were overestimating the number of republicans who would vote. they were wrong. the polls were right. in 2000, al gore said don't believe the polls, polls showed him losing narrowly. polls were right. in fact, it's hard to find an example of the polls on average getting it wrong unless you go back to 1948, when they predicted thomas dewey defeated president harry truman. cnn political contributor ari fleischer joins us. he's an occasionally unpaid commu
all those same polls that show president obama leading and claims to correct the bias, turning romney deficits into commanding romney leads. the idea behind is it simple. all polls base the outcome on what pollsters believe the electorate will look like, how many democrats versus how many republicans they think will actually turn out. getting that partisan makeup wrong can tilt the predictions. the people that don't believe the polls say this time, pollsters think the 2012 electorate will look...
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you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any country in the developed world. we already pay -- 1% of the people get 20% of the income and pay 30% of the taxes. at what point do you say, okay, you've given enough? we need to grow the economy and then deal with these out year spending costs that are unacceptable and unsustainable. tax reform provides the catalyst i think for common ground to make this happen in a divided country. look, i just -- you know, i love my country and i see decline in the future. unless we begin to solve these problems. if we can't solve it by having 60 republican senators and a majority in the congress
you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any...
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that is why on friday i sat down with congressional leaders to discuss how to reduce our deficit in a way that strengthens our economy and protects our middle class. it was a constructive meeting and everybody agreed that while we may have our differences we need to come together and take action as soon as possible. >> for too long, partisan fighting has stopped both parties from reaching across the aisle to find common ground. that must stop. washington can't keep ducking the tough decisions, and the fiscal cliff we're headed for provides an opportunity for both sides to change our country's irresponsible spending path. >> and both sides may have to give ground to get a deal over the finish line. the white house and democrats have pushed for increase in tax rates on the wealthy. republicans have preferred to focus on closing tax loopholes and credits. >>> and fun with the u.s. olympic gymnast team. mimicking her famous not impressed look. and this quickly went viral as you may remember, a little fun with the president. >>> and plotting a mass murder, his mother alerted police. blake
that is why on friday i sat down with congressional leaders to discuss how to reduce our deficit in a way that strengthens our economy and protects our middle class. it was a constructive meeting and everybody agreed that while we may have our differences we need to come together and take action as soon as possible. >> for too long, partisan fighting has stopped both parties from reaching across the aisle to find common ground. that must stop. washington can't keep ducking the tough...
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and having austerity now and bigger deficits in the odd years which is exactly what he should be doing. if he implemented what he says, it would be bad for the american economy. that's what i think. >> we're going to have much more of my interview with the former president of the under bill clinton, i'll ask him what he thinks about mitt romney. stand by for that. also, david axelrod is in the situation. the white house deliberately leaked classified information for political gain. then it's the romney's campaign turn to respond is to all of this. my interview with eric furnish strum. that's come up this hour as well. my bad. tell me you have good insurance. yup, i've got... [ voice of dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. [ normal voice ] nope, i've got... [ voice of dennis ] the allstate value plan. it's their most affordable car insurance -- and you still get an allstate agent. i too have... [ voice of dennis ] allstate. [ normal voice ] same agent and everything. it's like we're connected. no we're not. yeah, we are. no...we're not. ♪ ask an
and having austerity now and bigger deficits in the odd years which is exactly what he should be doing. if he implemented what he says, it would be bad for the american economy. that's what i think. >> we're going to have much more of my interview with the former president of the under bill clinton, i'll ask him what he thinks about mitt romney. stand by for that. also, david axelrod is in the situation. the white house deliberately leaked classified information for political gain. then...
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we do have deficit issues, we do have debt issues. are tax cuts for the wealthy more important than bringing down the deficits and investing in things like education and research and development and energy? the things that are going to grow our economy and grow the middle class. that's really what the debate is about. >> let me ask you a couple questions. first one that concerns you. the attorney general, eric holder, has said that he has, in fact, because he's been under some fire on capitol hill for a couple of things, he said that he had spoken to you, that part of his job obviously has political implications. what did you talk to eric holder about and was it in your position in the campaign or was it in your position when you were at the white house? >> from time to time at the white house i would see holder at meetings and so on, but i rarely spoke to him, and i didn't ever speak to him on issues of policy in the justice department. i didn't speak to him about personnel issues other than at the beginning of the administration i r
we do have deficit issues, we do have debt issues. are tax cuts for the wealthy more important than bringing down the deficits and investing in things like education and research and development and energy? the things that are going to grow our economy and grow the middle class. that's really what the debate is about. >> let me ask you a couple questions. first one that concerns you. the attorney general, eric holder, has said that he has, in fact, because he's been under some fire on...
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. >>> next, mitt romney says he will use loop hopes to cut tax rates for everyone and still cut the deficit. and tonight, teachers in the nation's third biggest district are on strike and were navys.e.a.l.s on a specific drug the night they killed osama bin laden? let's go "outfront." good evening, everyone. i'm erin burnett. is mitt romney raising your taxes? well, mitt romney and paul ryan say they're going to cut individual income tax rates for everyone without increasing the deficit. so in order, the campaign has said they will close tax loopholes. in a moment, we're going to show you how many of those there are, but there are a few problems with this logic, like which loophole and for which taxpayers. >> an example of a loophole you will close. >> people at the high-end are going to have fewer deductions and exceptions. >> don't voters have a right to know? >> so, mitt romney and i based on our experience is to show the framework, the outlines and then to work with congress to do this. >> their plan is to work with congress after the election to determine which loopholes to close. now,
. >>> next, mitt romney says he will use loop hopes to cut tax rates for everyone and still cut the deficit. and tonight, teachers in the nation's third biggest district are on strike and were navys.e.a.l.s on a specific drug the night they killed osama bin laden? let's go "outfront." good evening, everyone. i'm erin burnett. is mitt romney raising your taxes? well, mitt romney and paul ryan say they're going to cut individual income tax rates for everyone without increasing...
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to reduce the deficit. but it also includes spending cuts. so, we did a trillion dollars in spending cuts as part of the budget control act over the next ten years and we're going to have to continue to implement that. so that's part of the plan. secondly the president's budget actually contains more health care savings than the bipartisan simpson-bowles commission does. he does it in a number of ways. for example he asked pharmaceutical companies to pay higher rebates to drugs for people who are on medicare and medicaid. he reforms the medicap wraparound insurance plan. right now medicare is essentially indirectly subsidizing those plans. so the president actually has substantial savings, not only in health care, but in many other areas. for example he eliminates a lot of the excessive agriculture subsidies. so the president's plan does have that balance of cuts, and revenue. >> interesting that you bring up health care because eric cantor, something we heard from speaker boehner, he would like obama care to be back on the table. i mean, dem
to reduce the deficit. but it also includes spending cuts. so, we did a trillion dollars in spending cuts as part of the budget control act over the next ten years and we're going to have to continue to implement that. so that's part of the plan. secondly the president's budget actually contains more health care savings than the bipartisan simpson-bowles commission does. he does it in a number of ways. for example he asked pharmaceutical companies to pay higher rebates to drugs for people who...
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May 9, 2012
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if you were here today, i know you believe the deficit is a big crisis facing the country, correct? >> i absolutely do. >> if there was a deal that had $3 in spending cuts for every $1 in tax increases and the math said it is wa a credible deal to reduce the deficit, could you vote for that if it was the only way to get enough democrats to support it and get a president to sign it? >> i have said many times we need to make sure we are not continuing to raise the debt without serious reductions. if the bill is crafted in such a way we can get the deficit narrowing and we are not going to be significantly adding to the debt, that would have to be considered. the big issue is whether we will have people that stand on their principles. the modern definition of by party tan ship is the democrats saying, let's spend $10 billion and the republicans saying let's spend $5 billion we don't have and instead, they compromise and spend $7.5 billion they are out of control. we have a government out of control. it has to be realed back in. >> your definition of bipartisanship, is it only whether d
if you were here today, i know you believe the deficit is a big crisis facing the country, correct? >> i absolutely do. >> if there was a deal that had $3 in spending cuts for every $1 in tax increases and the math said it is wa a credible deal to reduce the deficit, could you vote for that if it was the only way to get enough democrats to support it and get a president to sign it? >> i have said many times we need to make sure we are not continuing to raise the debt without...
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you deal with uncertainty with the deficit reduction, outyears, not now, dealing with the issues that i mentioned earlier. and then if you're able to do that, you stimulate demand with a massive, massive infrastructure program. a trillion dollars over five years. and you say -- >> bridges, roads, schools, that kind of repair and building you're talking about? >> i think it's got to be more specific. it should be 50 high-priority projects. the problem with shovel-ready projects is whether the mayor has it, they do it, it doesn't help the country. we need to do it for all the people. so we need nationally significant projects. and you say, well, how do i get the money for that? well, if we're to already reduce the deficit in the outyears, the chinese have already lent us $1.4 trillion. and i think they could bevestor trillion-dollar infrastructure fund. >> you say in your book that government is not the problem. yet so many people don't trust government. they think it's broken. how do you restore trust enough so that people will look to their government as making good decisions rather t
you deal with uncertainty with the deficit reduction, outyears, not now, dealing with the issues that i mentioned earlier. and then if you're able to do that, you stimulate demand with a massive, massive infrastructure program. a trillion dollars over five years. and you say -- >> bridges, roads, schools, that kind of repair and building you're talking about? >> i think it's got to be more specific. it should be 50 high-priority projects. the problem with shovel-ready projects is...